Fallback Auction. 1. In case a Fallback Auction takes place due to the reasons listed in Article 39, paragraph 1, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
2. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the website of the Allocation Platform and/or by email as soon as possible and no later than at 10:15 a.m. on day preceding the delivery day.
3. The Allocation Platform shall simulate the Auction between 08:00 a.m. and 09:00 a.m. of the day preceding the delivery day. In this simulation of the Auction Allocation Platform will use the latest available default Bids for Fallback Auction together with the latest available information on the Offered Capacity.
4. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article 21 and Article 32 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published.
5. In case that the Offered Capacity for an earlier day than the delivery day is used in the Auction simulation set forth in paragraph 2 of this Article and there is a decrease of the Offered Capacity for the delivery day Daily Transmission Rights generated according to the Auction simulation will be reduced pro rata by the difference between the Offered Capacity used in the Auction simulation and the Offered Capacity for delivery day in order to avoid exceeding the Offered Capacity for delivery day. In case of an increase the Offered Capacity for delivery day the Daily Transmission Rights generated according to the Auction simulation remain unchanged.
6. The Daily Transmission Rights allocated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article and, if necessary, reduced according to paragraph 5 of this Article will be published and notified according to Article 34
Fallback Auction. 1. If it is technically not possible to hold an Auction following the process set forth in CHAPTER 4, the Allocation Platform may generate Rights Document using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
2. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the webpage of the Allocation Platform and/or by e-mail no later than at 10:15 a.m. on day preceding the deliver day.
3. The Allocation Platform shall simulate the Auction of the day preceding the delivery day. In this simulation of the Auction Allocation Platform will use the latest available Default Bids for Fallback Auction together with the latest available information on the Offered Capacity.
4. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article 21 and 31 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published.
5. The Daily Transmission Rights generated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article will be published and notified according to Article 33
Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 10:15 a.m. on the day preceding the delivery day.
2. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account in the daily Auction Process. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity.
3. The Offered Capacity is split in proportional shares between the Registered Participants.
4. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW.
5. Registered Participants will be informed about the results by 10:45 a.m., on D-1.
Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 14:10 p.m. on the day preceding the delivery day.
2. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity.
3. The Offered Capacity is split in proportional shares between the Registered Participants.
4. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW.
5. Registered Participants will be informed about the results by 14:20 p.m, on D-1.
Fallback Auction. If it is technically not possible to hold an Auction following the process set forth in CHAPTER 4, the Allocation Platform may generate Rights Document using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
Fallback Auction. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 13:30 p.m. on the day preceding the delivery day. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. The Offered Capacity is split in proportional shares between the Registered Participants. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. Registered Participants will be informed about the results by 13:40, on D-1. Shadow Auction cancellation In case the Allocation Platform cancels a Shadow Auction, all Bids already submitted and any results of the respective Shadow Auction shall be deemed null and void. The Allocation Platform shall inform all Registered Participants without undue delay, of the Shadow Auction cancellation by notification published in the Auction Tool or on website of Allocation Platform and by e-mail. A Shadow Auction cancellation may be announced in the following cases: before the Cross Zonal Capacity is deemed to be allocated in case the Allocation Platform faces technical obstacles during the Shadow Auction process like a failure of standard processes and fallback procedures or similar reasons; and during the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Transmission Rights to Registered Participants or similar reasons. In case of Shadow Auction cancellation before the final Shadow Auction results publication, no compensation shall be paid to the Registered Participants. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Shadow Auction cancellation. The provisions of this Article 43 may also be applied to a Fallback Auction (in the event of erroneous results). Curtailment Triggering events and consequences of curtailment on Daily Transmissio...
